# Quiz1_answers - Econ*2410 F2011, Quiz 1, V1 ECON*2410,...

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Unformatted text preview: Econ*2410 F2011, Quiz 1, V1 ECON*2410, Intermediate Macroeconomics Quiz #I,Fa112011 Your Name: ID Number: Please enter you answers in the following grid - get 2 points for doing so. There are 10 questions at 2 points each. Maximum score is 22 1. The labour force survey is conducted monthly; each survey interviews (a 5,000 to 6,000 households 50,000 to 60,000 households (c) 500,000 to 600,000 households (d) 5,000 to 6,000 individuals 2. According to Statistics Canada, the working age population consists of the population 15 years and over I ) the population 18 years and over (0) the population aged between 15 and 65 (d) everyone who is working for pay or looking for paid work Econ*2410 F2011, Quiz 1, V1 3. The labour force participation rate is the: (a) number of employed people divided by the labour force number of employed people divided by the working age population abour force divided by the working age population 4. The unemployment rate is the number of: (a) people without work divided by thelabour force (b) people without work divided by the working age population (0 unemployed people divided by the working age population @ employed people divided by the labour force 5. In Canada, the unemployment rate has recently been: (a) higher for males than females (b) higher for younger people than older people ' _ higher in Nova Scotia than in Alberta @211 ofthe above ' 6. Over a certain period of time nominal GDP and the GDP deﬂator grew at annual average rates of 6% and 2% respectiVely. Over the same period, real GDP grew at the rate : (a 8% _ (c) 3% (d) 12% Econ*2410 F2011, Quiz 1, V1 7. The labour force grew at 4% and 6% in each of two successive years.‘ The equivalent constant annual compound rate of growth over these two years was: (a) 5% (b) more than 5% . @ss than 5% 8. Chain-type indexes are used by Statistics Canada to calculate which of the following series? (a) nominal GDP (1)) the Consumer Price Index measures of inﬂation a1 GDP ' 9. Since the mid-19703 Canada has experienced how many signiﬁcant recessions? (a) One (b) Two ree (d) Four 10. The principal cause of Canada’s recession in the early 1980s was: estrictive anti-inﬂation monetary policy ) A substantial decline in exports (c) A collapse of the housing market ' (d) Tax increases and government expenditure cuts ' ...
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## Quiz1_answers - Econ*2410 F2011, Quiz 1, V1 ECON*2410,...

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